San Francisco – Speaker Nancy Pelosi released this statement after the Senate passed the Cut Inflation Act:

“Congratulations to Senate Democrats on passing the Cut Inflation Act. This landmark legislation is a major step forward in the Democrats’ fight to put people above politics: cut the cost of the kitchen table, cut the cost of health care for Americans, create millions of jobs well paid and fighting the climate crisis.

“Today is a victory for American families and for our planet. This landmark legislation, which includes key proposals from House Democrats, will cap health care costs for Americans across the country: expand Affordable Care Act subsidies and empower Medicare to negotiate drug prices on arrangement. By championing America’s energy security and reducing carbon pollution by nearly 40% by the end of the decade, he will lower energy costs and help save the planet. This legislation will also fight inflation – including with a historic investment in deficit repayment – ​​while being fully paid for by making the biggest companies pay their fair share.

“The House will come back and act quickly to send this bill to the President’s desk – proudly building a healthier, cleaner, fairer future for all Americans.”